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In this paper we build a model of trade in vertically differentiated products and find that income inequality can affect the demand for imports even in the presence of homothetic preferences. The empirical importance of changes in inequality on the demand for imports is then assessed by...
Persistent link: https://www.econbiz.de/10005181629
This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the … Turkey, particularly in agriculture. The main obstacles to accession are not economic, but political. Historical experience … prevents Turkey from eliminating the decisive political role of the military, giving Kurds and other minorities cultural rights …
Persistent link: https://www.econbiz.de/10005765904
Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly … agricultural sector, Turkey also specializes in the production and exportation of relatively low-price, low-quality varieties of … asymmetric changes in the trade volumes of the incumbent countries of the EU as a result of the EU-Turkey CU. By examining …
Persistent link: https://www.econbiz.de/10005094267
, Romania, Slovakia and Turkey using the event study approach. Interventions are found to be effective only in the short run … Turkey. Finally, interventions are mostly sterilized in all countries except Croatia. Interventions are not much more …
Persistent link: https://www.econbiz.de/10005196294
Turkey triggered by EU-membership; and (iii) migration in response to the free movement of workers. Overall, the … macroeconomic implications for EU countries are small but positive. European exports increase by around 20 percent. Turkey … accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic institutions in …
Persistent link: https://www.econbiz.de/10005406168
science research in recent years. In this study, we examine whether there is gender gap in voting behavior in Turkey. Using … men and women in Turkey. There are significant differences between the genders, nevertheless. In particular, the effect of …
Persistent link: https://www.econbiz.de/10011194239
This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...
Persistent link: https://www.econbiz.de/10010554826
We employ two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal equilibrium exchange rate based on a monetary model....
Persistent link: https://www.econbiz.de/10010668471
We build a simple theoretical model to understand why developing and transition economies have increasingly applied anti-dumping laws. To that end, we investigate the strategic incentives of oligopolistic exporting firms to undertake dumping in these economies. We show that dumping may be due to...
Persistent link: https://www.econbiz.de/10005765640
This paper examines heterogeneity in exchange rate expectations. Whereas agents’ heterogeneity is key in modern exchange rate models, evidence on determinants of heterogeneity is weak so far. Our sample, covering expectations from about 300 forecasters over 15 years, shows remarkable time...
Persistent link: https://www.econbiz.de/10005765679